Retail Leasing Opportunity in Gramercy / Kips Bay – 201 East 23rd Street

Address: 201 East 23rd Street, New York, NY 10010
Monthly Lease Price: $30,000
Square Footage: 669 sq. ft.
Property Type: Retail Space

Property Details

Total Area: 669 sq. ft.
Location: Gramercy / Kips Bay – Midtown South
Market Segment: Boutique Retail, Service Brands, Specialty Uses, Flagship Micro-Retail

Key Features

Prime Corner of Gramercy & Kips Bay

Located at the highly visible intersection of East 23rd Street in the Gramercy/Kips Bay corridor, this retail space offers exceptional exposure in a thriving, high-density residential and commercial neighborhood. The area benefits from:

• Constant foot traffic from students, residents, medical personnel, and office workers
• Close proximity to NYU Langone Medical Center, SVA, and Baruch College
• Quick access to multiple subway and bus lines
• Strong demographic mix with daytime and evening activity

This location is ideal for brands seeking to connect with a vibrant, diverse customer base.

Efficient 669 SF Retail Footprint

This well-proportioned 669 sq. ft. layout is designed for businesses that prioritize visibility, high traffic, and operational efficiency. Key attributes include:

• Strong frontage with excellent window display opportunities
• Open interior floor plan suitable for flexible merchandising
• Perfect size for boutique retail, specialty food concepts, wellness services, and micro-showrooms
• Easy customer flow and intuitive layout

The compact size keeps operating costs down while maximizing exposure.

High-Demand Retail Corridor

East 23rd Street is one of Manhattan’s strongest east-west commercial arteries, connecting Gramercy, Kips Bay, and Flatiron. Retailers benefit from:

• Heavy daily pedestrian traffic
• Strong neighborhood affluence
• Proximity to hospitals, universities, and residential towers
• A built-in customer base of students, professionals, and families

This micro-market continues to show strong leasing activity due to its central location and stable demand.

Competitive Leasing Opportunity

At $30,000 per month, this space offers an attractive entry point into a premium Midtown South retail zone. With its manageable size and excellent positioning, it is a compelling option for brands looking to:

• Launch a flagship micro-retail location
• Expand into a thriving residential corridor
• Establish a presence near major medical and academic institutions

Conclusion

201 East 23rd Street presents a rare chance to secure a high-visibility retail space in the dynamic Gramercy/Kips Bay market. With its strong foot traffic, efficient 669 sq. ft. layout, and competitive leasing terms, this property is ideal for brands seeking maximum exposure in a compact, high-performing location.